PayU brings on former PayPal senior director as CCO

Payment services provider PayU is bringing on former PayPal senior director Matthias Setzer as global chief commercial officer. He joins the firm having spent 12 years at PayPal.

Venmo announces new credit card through Synchrony partnership

Hot on the heels of its announcement about a new transfer service, Venmo has unveiled its first-ever credit card.

Colu closes its ICO on $19.1m after selling 239 million tokens

Payments network Colu has closed its ICO on $19.1m, after the sale of 239 million CLN tokens.

Global Payments acquires accounts payable solution in $150m deal

PayTech company Global Payments has acquired MineralTree, an accounts payable automation and B2B payments platform, in a deal worth $500m.

SBI invests into Russian payments provider QIWI

Russian payments company QIWI has received an investment from Japanese bank SBI Holdings.

Swedish sites unable to sell stuff online as e-commerce platform Litium fails to provide...

Electricity outage in Stockholm could have caused millions of lost revenues for Swedish online shops.

Pay By Group picks up $3.4m to split bills

Payments splitting service Pay By Group has raised $3.4m in its seed round. The San Francisco-based startups is an alumni of 500 Startup’s accelerator programme.

Mobile restaurant app Waitrr closes crowdfunding campaign

A mobile restaurant ordering and payment platform Waitrr has closed a crowdfunding campaign on FundedHere.

Stripe lands $35bn valuation after closing a new $250m Series F funding round

The payment processing unicorn Stripe has joined the Silicon Valley elite after netting a $250m funding round and a $35bn valuation.

Australia-based Credit Clear bags $10m

Australia-based payments company Credit Clear has raised $10m for its Series A funding round to help expand its invoicing and collections solution globally.

News Stories

Okcoin locks in $1m commitment to boost cryptocurrency inclusivity

US cryptocurrency platform Okcoin has committed $1m to increasing diversity and inclusivity in the crypto space.

BNPL provider Kueski lands funding to service Mexico

Mexico City-based online lender and Buy Now, Pay Later (BNPL) provider Kueski has raised $202m in a debt and equity round led by StepStone Group, a report by Finextra has revealed.

Panther Labs joins the ranks of CyberTech unicorns

Cloud-scale security analytics platform Panther Labs has scored $120m in its Series B round, as it gears up for rapid market expansion.

Women of colour neobank gearing up for launch

GoWomen, a challenger neobank priding itself on being the first FinTech company for women of colour, is taking early sign ups ahead of its 2022 launch.

Octamile raises $500,000 as it exits stealth

Nigeria-based InsurTech startup Octamile has come out of stealth mode with $500,000 from a pre-seed funding round led by EchoVC.

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